Balance Sheets

cash = money in coins or notes, as distinct from cheques, money orders, or credit

inventory = a complete list of items such as property, goods in stock, or the contents of a building

account receivable = money owed to a company by its debtors

accounts payable = the obligations incurred by a company during its operations that remain due and must be paid in the short term

fixed assets = assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment

debts = the state of owing money